attributable to lower industrial water’s sales volume mainly due to lower demand according to drought mitigation plan by the government despite new contribution from Demineralized Water. Gross Profit and Gross
1,699 million baht increase 20% compared with the same period last year the said collection increased from the previous quarter of 2020. In the past 6 months, the company has bought a total debt 1,983
had to be closed according to government policy. But the company was able to adjust to its profitable operating results this quarter details as follows: Management Discussion and Analysis Q2/2020 Page 3
previous year, mostly from the increase in profit sharing from investment in BBF, resulting from the government continuously promoted biodiesel consumption as renewable energy by announcing the use of
were THB 58 million and THB 57 million, respectively, increased by 2% from Q1/2021, corresponding to the increase in gross profit. • EBITDA margin in Q1/2022 was 29.0%, decreased by 2.5% from Q1/2021. E
: Sales and service income (included revenue from finance lease under a Power Purchase Agreement) increase 10.7% QoQ from Baht 1,566.7 million to Baht 1,734.2 million. The increase of Baht 167.5 million
1 Forth Smart Service Public Company Limited (FSMART) 1Q2020 Management Discussion and Analysis Operational Summary in 2Q20 (affected by Covid-19 pandemic and measurements from government) • Net
and 4.) other supporting factors, namely government spending to support the low-income citizens and other short-term stimulus packages, as well as private investments to support the increase in
value. Business Operating Results and Profitability Transaction For the Year ended 31st December (Unit: Million Baht) Year Increase (Decrease) 2017 2016 Amount % Total Revenues 614.82 611.14 3.68 0.60